Tag Archives: hard money lenders dallas

If You Want to Get Your Loan Approved, You Have to Become Desirable to Hard Money Lenders

May 15, 2018UncategorizedArizona mortgage broker Blog 6: Should I begin to invest in trust deeds Arizona?, hard money lender in arizona, hard money lenders dallas, Hard Money Lenders Texasbigdaddydennis

When you are going to apply for loans with hard money lenders, you might feel like the “choice is theirs” or that they are in the driver’s seat of the scenario. However, Level 4 Funding shows you how to take control and become desirable to lenders!

For new business owners and those who are trying to grow or expand their businesses to the next level, the right loan can be just the thing to make this dream come true. However, instead of seeking lenders, why not turn the tables and make them want you? Level 4 Funding offers a few thing that hard money lenders look for when approving loans.

Credit score doesn’t rate. It’s good to know that credit score isn’t as important to short-term, alternative lenders as it is to conventional credit institutions and banks. Quite frankly, the biggest and best thing you can do to win over hard money lenders is to be prepared to pony up the collateral. The amount you will need all depends on the size of the loan, but if you have collateral to put up, lenders will want to help you.

In the case of short-term loans, having perfect credit scores and squeaky clean history is not super critical, as it would be in the case of a longer-term loan with a conventional lending institution, it’s still important to have your “ducks in a row.” For example, if you’ve repeatedly ducked out on payments with other creditors, your lender may get cold feet about taking a risk on you. So make sure your financial affairs are in order, and be prepared to explain any dings or mishaps along the way. Honesty is the best policy here in order to establish a mutual trust.

Show them why you want it.

In this world, passion goes a long way. People want to help people who have a dream and are inspiring to achieve success. This is no different with hard money lenders. Professional and reputable ones truly want to see your business succeed (and ultimately see their return on investment). So find not only a lender that you can trust, but one that believes in you, too.

Handle setbacks with a calm attitude.

It’s no secret that trying to secure a loan is a tough thing. Sometimes there are hoops to jump through and unexpected bumps and challenges along the way. How you handle these little challenges and surprises will show the lender how you will likely handle bumps and challenges that are sure to occur in your business down the road. So take a deep breath, relax and think through each problem with a clear head before reacting or responding. Just that simple shift can help you put things into perspective and approach the issue with clarity, and that is very desirable to many lenders who have been borrowers lose their cool — and that’s not cool.

Try These Tactics if You Want to Get Your Hard Money Business Loans to Close Quickly

May 7, 2018Uncategorizedhard money lender in arizona, Hard Money Lender Texas, hard money lenders California, hard money lenders dallasbigdaddydennis

There is nothing like the painstaking process of waiting to see if your loan application has been approved by a conventional lender. Instead of playing the waiting game, Level 4 Funding offers ways to get your hard money business loans to close and fast!

Traditional loan applications are known for being super-complicated to complete, and then the process for the bank or lender to approve can be an even longer, more complicated process! When you’re in need of a loan, time of often of the essence, which is why hard money business loans are the way to go if you need cash in hand and you need it… like yesterday! There are some things you can do to ensure the process goes even quick and more smoothly, even with a short-term loan application which are known to be less cumbersome than conventional loan applications.

For example, being prepared can help get the process off on the right foot. Be prepared to put up some collateral. That is typically one of the most important things you can do to ensure your hard money business loans get approved, and fast! If you are prepared to show that you have the value of the loan (or more) in personal assets (such as a home or car) or you can use the property or business that you are intending to use the loan for as the collateral, that is usually a sure-fire way to ensure a quick process, too. While you likely won’t need to have you credit report, score or a lot of financial statements, it’s a good idea to have those items in order, just in case that documentation becomes needed for the application process.

Working together with your lender to get your hard money business loans approved is another way to ensure a quick turnaround. Remember that although the process can seem daunting, unfamiliar or even a little intimidating, your lender is on your side and there to help you get the loan you need. So work together to get all you ducks in a row or provide the proper documentation he asks for to move the process along. If you are helpful and make the process easy for him, he’ll want to make the process as easy and successful for you, too.

Find a reputable lender

It’s also a good idea to take some time to research some lenders to ensure that you are starting the process of right – with the right lender. You would hate to get down the line with an untrustworthy lender only to have to scratch the process before the loan is approved and start fresh with another lender. Work smarter, not harder! Find the right lender, and the right loan will follow.

Finally, call Level 4 Funding!

Level 4 Funding offers the professional, experienced lenders that will help make the loan process quick and easy. We know that time is crucial when waiting for a loan approval and we do our best to ensure a smooth and simple process!

Hard Money Lenders—Dallas Rehab Financing

February 28, 2017Uncategorizedhard money lender dallas, hard money lenders dallasbigdaddydennis

By now, you know that there are reputable lenders in practically every state, especially hard money lenders. Dallas lenders of hard money, in particular, are some of the most reputable lenders you can find, even when dealing with rehab financing and rehab projects.

If you are a newcomer, you may not know that lenders that provide rehab financing are, in many ways, just niche hard money lenders. Dallas lenders who specialize in hard money rehab loans, however, are not necessarily on every corner, therefore, you need to know what to look for when it comes to these particular kinds of hard money lenders. Dallas rehab projects, similar to other rehab ventures, are held up to a higher standard in the world of hard money lending, so let us discuss what that standard entails.

For starters, these particular niche lenders, if you will, consider several crucial things when deciding whether or not to approve your hard money financing. For example, what you paid for the particular piece of property is always a discussion topic. These lenders want to ensure that their investment, as well as their investor’s stake in your project, is protected. In other words, if you purchase the property and do not make any improvements there needs to be protections in place.

Similarly, your lender and potential investor will be highly concerned about your rehab project’s upside potential. Of course, this is not to say this will factoring into your loan to value ratio, but rather that it will help everyone determine how potentially risky extending financing may be. In addition to these factors, your lender will want to fully understand the nature and extent of your rehab project, as well as the ins and outs of your personal financials.

Other Things to Consider

Besides the above-mentioned concerns, your future niche lender will also want to ensure that you meet your repayment terms for your rehab loan. Thus, you will quickly see that though you are securing your rehab project via hard money, there are expectations and firm commitments that you won’t often see with other kinds of financing. Of course, there is no need to panic all this means is that you need to work within the timeframe or rather fixed period. However, if you are unable to work within your set time period for whatever reason, then you have to deal with prepay penalties. Prepay penalties are typically standard when dealing with rehab loans, so it is important to keep them in mind when moving forward with your hard money financing.

How to Make Money with Rehab Financing

Ultimately, if you play your cards right you can secure hard money financing for your rehab project or venture fairly easy. It is all a matter of knowing what to expect from your lender, understanding the market and ensuring that your rehab project has what it takes to turn a profit while allowing you to avoid any prepay penalties or fees. Remember, you can earn a sizable return with the assistance of a rehab loan, so if you don’t know where to start your lender search ask around!

Happy senior business man making his notes at work Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: hard money lender dallas,hard money lenders dallas

Hard Money Lenders—Dallas Refinancing

February 27, 2017Uncategorizedhard money lender dallas, hard money lenders dallasbigdaddydennis

There are a variety of things you can accomplish with hard money lenders. Dallas lenders who offer hard money financing, for instance, are more than willing to work with you no matter your financing or refinancing needs.

Generally, when people are looking to refinancing in the real estate market, it is for several reasons, with the most prominent reason being foreclosures. Nevertheless, if you are like most borrowers, you more than likely believe that foreclosure cannot be overcome with the help of hard money lenders. Dallas lenders, in particular, actually have a clear record of helping borrowers avoid foreclosure via refinancing.

Thus, at this point, you are probably wondering, just how can one accomplish this with hard money lenders? Dallas lenders, as well as the majority of other lenders of hard money, can easily help you avoid or rather overcome foreclosure via refinancing by following a few simple steps. This means, for starters, compiling a list of lenders who offer hard money financing in your area.

Upon doing so, you more than likely know you need to investigate every potential lender that is offering the kind of assistance you need. In this case, you would be doing your research on refinancing with hard money. While narrowing down your lender options, make it a point to compare interest rates, fees, and loan terms. It is important to do so, especially with refinancing, so that you do not put yourself in further debt or in a situation where you are unable to pay back the hard money you borrowed. During this stage, you will also want to obtain as much information as possible about the value of your home, the terms of the pending foreclose and of course, your financial documents (tax returns, bank statements, credit report and so on).

How to Secure your Hard Money Refinancing

Once you have taken care of the basics, you need to shift your focus a bit and make sure that you everything you need for hard money financing. Upon completion and submission of your hard money financing package, you should find out in approximately a week or so whether or not you can move forward with your refinancing. Once approved, you will clearly use the secured funds to overcome your pending foreclosure. With that being said, however, it is important to continue looking for financing as hard money financing is only short-term or rather a band-aid for the foreclosure.

A True Helping Hand

In the end, the securing hard money refinancing is not overly complicated or too different from secure standard financing. Thus, you should be able to use the financing you obtained to save your home. Typically, as briefly mentioned, hard money financing is short-term regardless of its intended use, therefore, you should not only use this time to find long-term financing, you should also fix whatever credit issues or financial problems that brought you to lenders of hard money in the first place. Of course, this may be difficult to do in such a short period of time, but the good news is it is possible and most loan terms for hard money refinancing can be extended to up to 2 years.

Technorati Tags: hard money lender dallas,hard money lenders dallas

Hard Money Lenders—Dallas Real Estate

February 24, 2017Uncategorizedhard money lender dallas, hard money lenders dallasbigdaddydennis

By now, you have probably heard a lot about the west coast hard money lenders. Dallas, however, also has some reputable lenders that can help turn your real estate ventures into a truly successful investment.

The wonderful world of real estate investing can be exciting and extremely lucrative, especially with the right hard money lenders. Dallas lenders, in particular, offer a real chance at making a real profit while still being able to meet the terms of your loan. For instance, most hard money financing is used to fix and flip houses or rather it is the bulk of business for hard money lenders. Dallas lenders, especially come across borrowers as well as investors that fix and flip houses.

Why this matters is because this often is the most effective way to make a real profit when it comes to real estate investing, especially if you are starting out. Thus, let us say you are looking to get into the business of fixing and flipping, you, of course, would need short term financing to get started. This is where your lenders of hard money would come into play.

As briefly suggested, Dallas is home to a sizable number of this particular type of lender. A quick search will often lead you to a list of the top 75 lenders who offer hard money financing in Texas. Clearly, it almost goes without saying that you should select a few local lenders. Thus, if you are looking to fix and flip in the Dallas area, you should start there or if you have a local lender where you do business you can also start there. Once you have selected a few lenders for your hard money financing, your next step is to try and find the lender that allows you to get ahead and maintain.

How to Make Money
Obviously, the main goal with any real estate investment is to make money. But, the trick with fixing and flipping a house is to figure out how to make money and pay off your loan at the same time. This delicate balancing act has more to do with the lender you choose to work with than any other factor. Therefore, you want to make sure that you are working with a local lender that allows you plan accordingly and has been open with you about your loan type as well as loan terms. The best way to ensure that you find this kind of lender for your hard money financing is to do your research or due diligence. In doing so, you will have created the necessary foundation for staying successful.

Staying Successful
In the end, making a profit and meeting terms of your loan can be a reality if you stay focused/plan ahead i.e. make it a point to stay informed as well as organized. Ultimately, if you are in the business of fixing and flipping houses, you know that time is of the essence but that does not mean you rush into things without knowing what you have signed up for.

Happy senior business man making his notes at work Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel:     (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701


About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: hard money lender dallas,hard money lenders dallas

How To Be Successful With Hard Money Lenders in Dallas

February 16, 2017Uncategorizedhard money lenders dallas, hard money lenders in dallasbigdaddydennis

There is a method to the madness when it comes to investing whether you do it with Hard Money Lenders in Dallas or somewhere else. Figuring it out can be the difference between succeeding and failing.

Hard Money Lenders Dallas—It takes money to make money, right? But how much fun is it to have to invest your own money? Or what if you don’t have enough? You can go to the bank, but you better have all your ducks in a row—not to mention excellent credit—if you take that route.

But if you don’t, there is nothing to worry about. Hard Money Lenders in Dallas or wherever you are, are more than happy to give you the opportunity when banks are not. However, there is a method to the madness when dealing with them as well.

Key To Working With Hard Money Lenders in Dallas

Hard money lenders are more likely to approve your loan application, but that does not mean you can overlook the process. You still need to look ahead in the process, prepare accordingly, and then continue to do so until the loan is paid off.

The loan approval process is easier and not as strict, but the surest way for it to bog down is to not be prepared. Find out what you need ahead of time and have it ready to turn in when the loan company wants it. If they have to continually stop reviewing your application to call and tell you something is missing, your application will seem to take forever to get approved.

Take too much time, and you risk missing out on whatever project you were looking to invest in.

If you are working with a hard money lender once, chances are good you are going to be interested in working with him/her again. Should that indeed be the case, you want to make sure you don’t give them any reason to be unhappy with you. So—pay our note on time. Nothing will aggravate a lender more than having to chase you down, call you constantly, and hound you to make your payments.

Should they have to, don’t expect them to be too excited about working with you on future projects.

Do Your Homework Before You Apply

There are plenty of Hard Money Lenders in Dallas or wherever you want to do business. While it may seem easy just to go down the page in the phone book and start calling locations, you would be much better off taking the time to look into each one. Find out if they specialize in anything if they tend to work with particular people or business types. Try to get an idea what their terms are going to be like, how flexible they may or may not be, or how strict they are about their minimum requirements.

Whichever lender you choose is going to want to know anything and everything about you when you start the application process. It only makes sense for you to know everything about them.

Technorati Tags: hard money lenders in dallas,hard money lenders dallas

A Success Story For One Of The Hard Money Lenders in Dallas

February 15, 2017Uncategorizedhard money lenders dallas, hard money lenders in dallasbigdaddydennis

It is easy to go into business as one of the many Hard Money Lenders in Dallas, but it is not easy to succeed as Longhorn Investments appear to be doing.

Hard Money Lenders Dallas—Going into business is a hard thing to do. It is even more difficult to succeed in your chosen field; especially if your area requires you to judge whether you think someone else can succeed in their chosen field with the help of your money. But that is exactly what the people that founded Longhorn Investments in Dallas, Texas, back in 2008 have done.

They are not just succeeding, though. They are thriving in an industry that involves giving people the bank did not trust giving money to a lot of money.

Growth Is Good

Hard money lenders in Dallas are like hard money lenders everywhere else. They don’t want to bite off more than the can chew, but they want to expand and grow like any other business. After all, when you go into business, you don’t want to just make money. You want to make a lot of money. At some point that is going to mean testing your limits and exploring additional revenue streams.

When Longhorn Investments got started, their intent was to focus on the single family residential investment market in Texas. Since then they have expanded operations into Missouri and North Carolina. They have also expanded the scope of what they will approve loans for to include multifamily and commercial investments properties as well.

“We started in this business with our own money and then went out to family and friends to grow the business. However, to do more loans we needed more capital and thus we started working with investors. Now we have over 100 investors who are making over double-digit returns from investing in our hard money lending program,” said Michael Hoffman, Principal of Longhorn III Investments, LLC, and fund manager of Trident Realty Investments, in a press release.

After five years, they had already done more than 750 loans valued at over $60 million. Their success has continued over the years to the point where they have decided to focus on real-estate related businesses.

They are also affiliated with a title business in Houston and Dallas that helps them provide investors with a more complete service.

But How Far Can They Go?

Hard Money Lenders in Dallas and anywhere else will often find themselves limited in what they can get involved in by their cash flow. Do they have enough to take on certain investments that will allow them to grow? Should they turn some down in hopes that other—better—options become available? Or should they just do like Longhorn Investments and align with someone that has access to a lot of money?

Longhorn Investments has access to over $222 million through their sister private equity fund, Trident Realty Investments, LLC, proving once again—it’s not always what you know, but who you know.

Technorati Tags: hard money lenders in dallas,hard money lenders dallas

Level 4 Funding Private Hard Money

Arizona, California, Colorado, Florida, Idaho, Oregon, Texas and Washington

Tag Archives: hard money lenders dallas

If You Want to Get Your Loan Approved, You Have to Become Desirable to Hard Money Lenders

Try These Tactics if You Want to Get Your Hard Money Business Loans to Close Quickly

Hard Money Lenders—Dallas Rehab Financing

Hard Money Lenders—Dallas Refinancing

Hard Money Lenders—Dallas Real Estate

How To Be Successful With Hard Money Lenders in Dallas

A Success Story For One Of The Hard Money Lenders in Dallas